Report: Tata hopes to offer $7,000 car in U.S.

Is the Tata Nano finally ready to take on U.S. roads? Ratan Tata, Chairman of the Tata Group, believes so, but the car won't be the same $2,500 vehicle found in India. Instead, according to The New York Times, Tata says the American market will get a car built to be competitive here yet still priced well below the competition.

It seems the North American-spec Nano could cost between $7,000 and $8,000. Will that be enough to lure buyers into their local Tata dealer's showrooms? If gas prices keep climbing, consumers could be attracted by the Nano if the Americanized version can achieve something along the lines of the 52 miles per gallon city/62 miles per gallon highway fuel economy that the current model achieves.